​​EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2017/4 Property, Plant and Equipment - Proceeds before Intended Use (Proposed amendments to IAS 16) and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 13 October 2017.

​On 20 June 2017, the IASB issued the Exposure Draft ED/2017/4 Property, Plant and Equipment - Proceeds before Intended Use (Proposed amendments to IAS 16) ('the ED') with a comment period ending on 19 October 2017.

The ED proposes a narrow-scope amendment to IAS 16 that would prohibit deducting from the cost of an item of property, plant and equipment (PPE) the proceeds from selling items produced while making that item of PPE available for use. Consequently, an entity recognises the proceeds from selling any such items, and the cost of producing those items, in profit or loss in accordance with applicable Standards (generally IFRS 15 Revenue from Contracts with Customers and IAS 2 Inventories).